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Predictive Discovery (ASX:PDI) - Managing Director, Paul Roberts
Managing Director, Paul Roberts
Source: The Market Herald
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  • Predictive Discovery (PDI) drilling results shows mineralisation below the optimised Mineral Resource pit shell in their Bankan Gold Project in Guinea
  • Results return an Inferred Resource of 72.8 meters averaging 1.5 g/t of gold for 3.65 million ounces of gold
  • The Bankan mine site is spread across 356km of which 53,000 meters has been drilled in the past 17 months
  • Positive results from upcoming tests indicate a potential expansion of the high-grade gold zone
  • Predictive Discovery is up 8.11 per cent now trading at 20 cents at 12:14 pm AEDT.

Predictive Discovery (PDI) drilling results showed mineralisation below the optimised Mineral Resource pit shell in their Bankan Gold Project in Guinea.

The company received results from two assays which were intersected around 50 meters from the current pit shell of 400 meters below the surface.

From the first intersection, they discovered 24.2 meters at 8.8 grams per tonne (g/t) of gold from 463.8 meters, including 12.4 meters at 15.3 g/t of gold from 465.6 meters.

At the second intersection, they found 50 meters at 2.4 g/t from 448 meters, including 15 meters at 4.9 g/t from 449 meters and 10 meters at 1.9 g/t from 544.6 meters.

Predictive Discovery Managing directory Paul Roberts said the drilling results have confirmed what they had hoped.

“These new results have confirmed the company’s belief that, as the shear zone is intercepted below the optimised Resource pit shell, the high grade mineralised zone continues to depth,” Mr Roberts said.

The Bankan mine site is spread across 356km of which 53,000 meters have been drilled in the past 17 months.

These results have returned an inferred resource of 72.8 meters, averaging 1.5 g/t of gold for 3.65 million ounces of gold.

Looking forward, results from other diamond drilling in the same area remain pending. Positive results from these tests would indicate a potential expansion of the high-grade gold zone.

Predictive Discovery was up 8.11 per cent and was trading at 20 cents at 12.14 pm AEDT.

PDI by the numbers
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